Belleaire Development Group Acquires Retail Property In Pinellas Park For $85.1M
7200 US Route 19, Pinellas Park, Florida 33781, United States
$85,100,000
$241/SF
Building Size
352,670 SF
Asset Type
Retail
Closing
Oct 16, 2022
About this deal
AI
A retail property located at 7200 U.S. Highway 19 North in Pinellas Park has been sold for a total of $85,100,000. The property spans 352,670 square feet, resulting in a price per square foot of $241. The transaction took place on 10/17/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $85,100,000
- Address: 7200 U.S. Highway 19 North, Pinellas Park
- Market: Pinellas Park
The buyer of the property is Belleaire Development Group, represented by Carlos Yepes & Christian Yepes. The seller is Greystone Servicing Co.
Players
Pinellas Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93